Charles Schwab Q3 Profit Rises 32%; Results Top Estimates

RTTNews | 825 days ago
Stocktwits
Charles Schwab Q3 Profit Rises 32%; Results Top Estimates

(RTTNews) - Financial services firm Charles Schwab Corp. (SCHW) reported Monday that net income available to common shareholders for the third quarter grew to $2.02 billion or $0.99 per share from $1.53 billion or $0.74 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $1.10 per share, compared to $0.84 per share in the prior-year quarter.

Net revenues for the quarter grew 20 percent to $5.50 billion from $4.57 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.05 per share on revenues of $5.41 billion for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: SCHW
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Charles Schwab Q4 Profit Rises 26%, But Results Miss Estimates

Charles Schwab Q4 Profit Rises 26%, But Results Miss Estimates

Financial services firm Charles Schwab Corp. reported Wednesday a profit for the fourth quarter that increased 26 percent from last year, reflecting 17 percent revenue growth aided by 41 percent rise in net interest revenue. Both earnings per share and quarterly revenues missed analysts' estimates.
RTTNews | 732 days ago
Rate Cut Hopes Boost European Stock Markets

Rate Cut Hopes Boost European Stock Markets

Optimism over interest rate cuts had traders in a happy mood on Friday as the major European stock markets finished solidly to the upside, extending recent gains.
RTTNews | 2 days ago
U.S. Housing Starts Skyrocket To Ten-Month High In December

U.S. Housing Starts Skyrocket To Ten-Month High In December

A report released by the Commerce Department on Friday showed new residential construction in the U.S. surged by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate of 1.294 million in November.
RTTNews | 2 days ago
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